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Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
— Peter Drucker
Tags: information, service, power, trust

Other Quotes by "Peter Drucker"

Accept the fact that we have to treat almost anybody as a volunteer.
— Peter Drucker
Tags: anybody, fact, accept, treat
People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.
— Peter Drucker
Tags: who, mistakes, people, business
Rank does not confer privilege or give power. It imposes responsibility.
— Peter Drucker
Tags: give, rank, responsibility, power, business
When a subject becomes totally obsolete we make it a required course.
— Peter Drucker
Tags: course, subject, make, education
The productivity of work is not the responsibility of the worker but of the manager.
— Peter Drucker
Tags: worker, manager, productivity, responsibility, work
View More by "Peter Drucker"
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